CAISO SP15 EZ Gen Hub 5 MW Off-Peak Calendar-Day Day-Ahead LMP
Futures
CAISO SP15 EZ Gen Hub 5 MW Off-Peak Calendar-Day Day-Ahead LMP Futures - Contract Specs
| Contract Unit | 5 Megawatts hours (MWh) |
|---|---|
| Price Quotation | The contract quantity shall be 5 Megawatts hours (MWh). Transaction sizes for trading in any contract day shall be restricted to whole number multiples of the number of off-peak hours in the contract day. Each futures contract shall be valued at the contract quantity multiplied by the settlement price. |
| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
| Minimum Price Fluctuation | $0.01 per MWh |
| Product Code | CME Globex: C4Z CME ClearPort: 4Z Clearing: 4Z |
| Listed Contracts | The current month and next full month |
| Settlement Method | Financially Settled |
| Floating Price | A Daily Floating Price will be determined for the off-peak day. The Floating Price will be equal to the arithmetic average of the hourly day-ahead Locational Marginal Prices (LMP) for SP15 EZ Gen Hub provided by the California ISO (CAISO) for the off-peak day. For settlement of this contract, the prices provided by CAISO will be considered final on the payment day stated in Rule 349.09 and will not be subject to any further adjustment. |
| Termination of Trading | Trading shall cease on the business day that is the peak day. When the peak day is not a business day, trading shall cease on the previous business day. Trading on CME Globex shall cease on the business day prior to the contract day. |
| Days or Hours | Off-Peak shall mean Monday through Saturday Hour Ending (HE) 0100-0600 and 2300 through 2400 Pacific Prevailing Time (PPT) and Sunday HE 0100-2400 PPT including North American Electric Reliability Corporation holidays. |
| Settlement Procedures | Delivery under the contract shall be by cash settlement. The cash-settlement price will be based on the Daily Floating Price which is determined for the off-peak day. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
